AMES, Iowa--(BUSINESS WIRE)--
Renewable Energy Group® (NASDAQ:REGI), the nation's leading biodiesel
producer and marketer, today announced the latest addition to its
business.

With the acquisition of a 15 million gallon per year biorefinery
located in New Boston, Texas, REG's nameplate biodiesel production
capacity is expected to increase to more than 225 million gallons
annually. REG paid $300,000 in cash and issued 900,000 shares of its
common stock to North Texas Bio Energy for the multi-feedstock
biorefinery located about 22 miles west of Texarkana. It is REG's second
Texas biodiesel production facility, following its 2008 acquisition of
its Houston-area
plant.

"Bringing New Boston into the REG family grows our solid, proven
business model of using lower cost feedstock and providing cleaner
energy solutions for American consumers," said REG President and CEO,
Daniel J. Oh.

"Our customers across the southern U.S. demand more
REG-9000® biodiesel, and this is a long-term plan to respond to our
customers' needs. We remain focused on strategic growth by increasing
the availability of biodiesel in high distillate demand regions
throughout North America," Oh added.

The New Boston facility began production in June 2008 and has been idled
for approximately four years. Brad Albin, REG Vice President of
Manufacturing, said the plant will undergo some construction and minor
upgrades prior to the facility's start-up, which is expected in the
first quarter of 2013. REG plans to utilize animal fats and other high
free fatty acid feedstocks to produce biodiesel at the refinery. The
company has initiated RFS2 registration through the EPA.

"The REG technology team will soon be on-site in New Boston to re-start
the biodiesel process with a plan to have high quality, REG-9000®
biodiesel available in the market upon the completion of the EPA
registration process," said Albin.

The company expects to hire nearly 20 full-time, green-collar employees
at the REG New Boston site.

Renewable Energy Group® is a leading North American biodiesel producer
with a nationwide distribution and logistics system. Utilizing an
integrated value chain model, Renewable Energy Group is focused on
converting natural fats, oils and greases into advanced biofuels. With
more than 225 million gallons annual production capacity at
biorefineries across the country, REG is a proven biodiesel partner in
the distillate marketplace.

For more than a decade, REG has been a reliable supplier of biodiesel
which meets or exceeds ASTM quality specifications. We sell REG-9000®
biodiesel to distributors so Americans can have cleaner burning fuels
that help lessen our dependence on foreign oil. REG-9000® branded
biodiesel is distributed in nearly every state in the U.S.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, including statements about REG's
strategic growth, the timing of re-starting the New Boston facility and
the expected benefits of the acquisition.Actual results may vary
materially due to a number of factors including, but not limited to, the
risk that the New Boston facility will not be able to be re-started, the
risk that the EPA does not approve the New Boston facility's
registration, the risk of management distraction associated with
bringing the New Boston facility back online, as well as other risks
that are detailed from time to time in REG's SEC reports. REG is under
no obligation to (and expressly disclaims any such obligation to) update
or alter its forward-looking statements whether as a result of new
information, future events or otherwise. Information contained in our
website is not incorporated by reference in, or made part of this press
release.